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Lincoln cites a lack of demand for taking business off Cofunds

Lincoln Unit Trust Managers has taken its funds off Cofunds, citing a failure to get significant market traction.

The group gave Cofunds three months notice of its request before taking its funds off in June.

Among those removed is the £201.5m Far East, £263.5m opportunities and the £92.5m emerging markets offerings.

Existing investments will remain unaffected on the platform.

Lincoln Unit Trust Managers senior investment analyst Stuart Tyler says: “This was purely a business decision as we were not getting a huge amount of new business through them, with most of the traction coming through directly. We do remain on a number of other platforms.”

Money Marketing revealed last week that Cofunds is to increase its charges for fund groups, with smaller funds set to be hit hardest.

Cofunds marketing communications manager Daniella Johnson says: “This decision was made in March and was purely down to Lincoln not getting the demand that it was looking for. It has no relation to the new pricing structure proposals.”

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